Local.com aussichtsreich
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2014 Summary Compensation Table
Name and Principal Position Year
Salary
($)
Bonus
($)
Stock
Awards
($)
Option
Awards
($) (1)
Non-Equity
Incentive Plan
Compensation
($)
All Other
Compensation
($)
Total
($)
Fred Thiel
Chief Executive Officer and Chairman of the
Board
2014 296,625 — — 563,072 — — 859,697
(1) The fair value of each performance and restricted stock unit award is calculated on the date of grant using the closing price of our common stock as
reported by the Nasdaq. The fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option pricing model.
Das 10-K-Filing findet Ihr, wenn Ihr auf die nachstehende Adresse geht und dort das momentan oberste Filing (10-K vom 27.3.2015) wählt:
http://ir.local.com/phoenix.zhtml?c=181515&p=irol-sec
Dieses Gehaltsgestaltung beruhigt einem schon etwas. Völlig beruhigt wäre ich, wenn Null Verwässerungsschutz für diese Optionen existieren würde.
We make our services available to advertisers and consumers through a combination of our own proprietary technology and commercially available technology from industry leading providers. We believe that it is important that our technologies be compatible with the systems used by our partners. In addition to our own proprietary technology platforms, we rely upon third parties to provide hosting services, including hardware support and service and network coordination.
Our research and development efforts are focused on developing new services and enhancing our existing services to provide additional features and functionality that we believe will appeal to our advertisers and consumers. Our research and development efforts also include the development and implementation of business continuity and disaster recovery systems, improvement of data retention, backup and recovery processes. As of December 31, 2014, we had 22 employees in product and technical development. Our research and development expenses were $5.7 million and $6.6 million for the years ended December 31, 2014 and 2013, respectively.
We have five new owner from Wolverine-Group and every owner has convertible bonds, which can changed in 6.39 million shares = together 32 million shares and additional 0.6 million shares from the change of the convertible bonds of the management = 32.6 million new share. Together with the existing 23.4 million shares would exist now 56 Million shares, if the convertible bonds would be changed in shares.
I am not happy about this solution and criminal robbery of the shareholders and I believe, that there had exist better alternatives and the chosen alternative was a criminal robbery of the shareholders through the management. But on the other side is this solutions not a reason for the idiotic low market-cap of only 9 million yesterday. And positive is, that by change of the loan for shares the debt were reduced and Local Corp get additional working-capital of 3 million.
Financial guidance for 2015 remains consistent with that provided on Jan. 12, 2015. Revenue is expected to be in the range of $82 million to $86 million. Adjusted EBITDA is expected to be in the range of $3 million to $4 Million Less
The question of the future must be: What is the value of a company with revenues of 82 - 86 million and a EBITDA of 3 -4 million in 2015?
The question of the future must be: What is the value of a company with revenues of 82 - 86 million and a EBITDA of 3 -4 million in 2015?
I am sure, higher the 10 Million of today
Stanguru compensated a part of the dilution through strong buys in the last days and owning mow 132,000 shares = 0,24% of the outstanding 56 million after a conversion of the convertible bonds.
Aber bei Ausübung der Convertible Bonds ist Wolverine ja jetzt der Mehrheitsaktionär und ich hoffe daher, dass sie an einer ordentlichen Kursentwicklung interessiert sind, denn mehr als zwei bis drei Jahre halten Finanzinvestoren von diesem Schlag ihre Beteiligungen meist nicht. Nachdem Wolverine bei der leltzten Finanzierungsaktion das Recht schon sehr gedehnt hat,sodass die SEC eigentlich hätte eingreifen müssen und das vielleicht auch noch tut, werden sie vermutlich in Zukunft vorsichtiger agieren und etwas mehr mit uns teilen.
Our principal products include our Local website, which reaches approximately 20 million monthly unique visitors (“MUVs”) each month, and our search syndication services, which provide either hosted business or product directories as well as display and ad fee solutions to a network of partner websites, which reach approximately 5 million MUVs.
• Local Website and App. Local reaches approximately 20 million MUVs and provides users with relevant local business listings, product and services, among other things. Consumers reach Local by coming directly to our site or via our SEO efforts. The majority of users find Local and its app via SEM campaigns on the major search engines. We generate ad revenues from those users by placing a variety of ad products alongside the search results we display to our Local users, regardless of how our users found us.
• Hosted Network. Our syndication network consists of approximately 1,000 partner websites and reaches over 5 million MUVs. Our Network product is a nationwide database of local business and product listings along with ad feeds which monetize those listings. We provide our product in the form of a hosted solution designed to generate SEO traffic to our partners’ sites and this helps those partners to increase their reach to new online users. As with Local, we monetize those users with ads placed alongside our content, and we share revenue generated from those ads with our partners.
• Syndication Network. Our syndication network product is a nationwide database of local business and product listings along with ad feeds which monetize those listings provided via a feed solution. Our ad feed solution is provided to sites that prefer to maintain their own look-and-feel, and we share revenues with those partners based on how consumers on their sites interact with the ad feeds. Less
• Display and Pre-Roll Video Networks. Our display and pre-roll video networks provide advertisers with additional reach and exposure for their brands through distribution of customized display and pre-roll ads through networks of industry-leading content publishers and sites. The growing Networks distribute relevant and targeted display and video content from hundreds of advertisers to consumers on hundreds of top sites, including the Company’s flagship Local site. The network provides advertisers with impression-level targeted buying, brand-safe inventory access and advanced audience personalization capabilities.
Tue, Mar 31, 2015, 2:13 AM EDT - U.S. Markets open in 7 hrs 17 mins
1 hour ago
(Reuters) - International Business Machines Corp said on Tuesday it will invest $3 billion over the next four years in a new 'Internet of Things' unit, aiming to sell its expertise in gathering and making sense of the surge in real-time data.
The Armonk, New York-based technology company said its services will be based remotely in the cloud, and offer companies ways to make use of the new and multiplying sources of data such as building sensors, smartphones and home appliances to enhance their own products.
For its first major partnership, IBM said a unit of the Weather Co will move its weather data services onto IBM's cloud, so that customers can use the data in tandem with IBM's analytics tools.
http://finance.yahoo.com/news/ibm-says-invest-3-billion-042826948.html
I was not happy about the extreme expensive, dilutive and criminal financing-agreement with Wolverine , but positive could be, that a very successfull hedge-funds is now looking at the Management
.
But this will only be positive, if Wolverine and the Management will stop the robbery, which had stannguru posted in all details to the SEC and Finra, of the other shareholders.
And I hope, that the SEC and Finra will take a look, what had happened and will stop a new robbery of the existing shareholders through the management and/or Wolverine.
Growing mobile searach demand
- 20 Million unique visitors per month
Market expansion
- 18 countries (LATAM + US)
- EMEA & APAC expected by 2H 2015
Platform expansion
- Enhaicing paid content
- Enter into Default search via browser - expected 2H2015
Source: Company Overview - Q1/2015
if the patents were sold for fair prices.
Searches Assisted by Multi-Level Menus
7,062,453
08/31/00
Search Selections with Supplier Information
7,890,378
12/14/05
Dynamic adjustment of Telephone Listings
7,596,218
05/30/03
Dynamic adjustment of Telephone Listings
8,306,208
08/07/09
Directory assistance using keywords
7,200,413
07/30/03
Bidding for directory assistance
7,715,857
03/23/06
Bulk Web Domain Generation
8,312,125
03/12/10
Geocoding related Webpages
7,231,405
01/10/05
Indexing Found Geocodes with Webpages
7,822,705
06/11/07
Indexing Found Geocodes with Webpages
8,176,082
09/22/10
Provision Of Localized Shopping Based On Geocodes
8,032,427
04/03/07
Methods and systems for enhanced directory assistance using wireless messaging protocols
Patent number: 8359049
January 22, 2013
Technique for locating relevant advertisements through the use of semantic keyword searches with claims directed to software, systems and methods in which semantically related keywords may be used to locate relevant fee generating advertisements that may monetize better than other available response ads.
Patent number 8,725,572
May 13, 2014
Search Engine and Indexing Techniques: A local search engine geographically indexes information for searching by identifying a geocoded web page of a web site and identifying at least one geocodable web page of the web site. The system identifies a geocode contained within content of the geocoded web page of the web site. The geocode indicates a physical location of an entity associated with the web site. The system indexes content of the geocoded web page and content of the geocodable web page. The indexing including associating the geocode contained within content of the geocoded web page to the indexed content of the geocoded web page and the geocodable web page to allow geographical searching of the content of the web pages.
Patent number: 8972371
Mar 03, 2015
http://ir.local.com/phoenix.zhtml?c=181515&p=irol-sec
To date, the nTegrity platform has already delivered a substantial increase in traffic quality scores from advertising partners.
Source: Report about Q4/14
"We believe the traffic quality control steps being implemented currently should yield stronger margins for the company."
Source: Wainwright
Network Traffic Quality Improvements: During the third quarter, the company developed a traffic quality solution, nTegrity, which it believes will better protect advertisers from fraudulent traffic types such as programmable headless browsers, BotNets and JavaScript manipulation. Launched in the fourth quarter, nTegrity will be used to detect, analyze and decide whether or not to show ads from the company’s ad partners on a real time, impression-by-impression basis, using an array of proprietary and third-party tools
"Traffic quality continues to be a top priority for us to ensure that we’re providing the best outcome for our advertisers,” said Local Corporation chairman and CEO, Fred Thiel. “Over the past several months, we have been focused on actively managing and optimizing our traffic sources and recently released our own advanced traffic quality solution, nTegrity™. While getting the solution in market took longer than anticipated, nTegrity ensures that we are delivering a higher quality audience to our advertisers, which we believe will increase their conversion rates and result in
To date, the nTegrity platform has already delivered a substantial increase in traffic quality scores from advertising partners.
Source: Report about Q4/14
US Patent No: 7,062,453
Methods and systems for a dynamic networked commerce architecture
• In Force
• status
11. Nov. 2014 CC Certificate of correction
13. Dez. 2013 FPAY Fee payment Year of fee payment: 8
25. Apr. 2013 AS Assignment Owner name: SQUARE 1 BANK, NORTH CAROLINA
Free format text: SECURITY AGREEMENT;ASSIGNOR:LOCAL CORPORATION;REEL/FRAME:030294/0407
Effective date: 20130410
9. Apr. 2013 AS Assignment Effective date: 20120917
Free format text: CHANGE OF NAME;ASSIGNOR:LOCAL. CORPORATION;REEL/FRAME:030181/0686
Owner name: LOCAL CORPORATION, CALIFORNIA
1. Mai 2012 CC Certificate of correction
27. Dez. 2011 CC Certificate of correction
14. Dez. 2009 FPAY Fee payment Year of fee payment: 4
7. Dez. 2006 AS Assignment Owner name: LOCAL CORPORATION, CALIFORNIA
Free format text: MERGER;ASSIGNOR:INTERCHANGE CORPORATION;REEL/FRAME:018606/0920
Effective date: 20061026
21. Juni 2004 AS Assignment Owner name: INTERCHANGE CORPORATION, CALIFORNIA
Free format text: ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNOR:ELIBERATION.CORPORATION;REEL/FRAME:015477/0498
Effective date: 20030212
6. Apr. 2001 AS Assignment Owner name: ELIBERATION., CALIFORNIA
Free format text: ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNORS:CLARKE, HEATH B.;HOLMES, DAVID;TANNER, THEODORE;REEL/FRAME:011685/0302;SIGNING DATES FROM 20010319 TO 20010321
It could be, that I must correct parts of my negative postings about Wolverine, the CFO Cragun and the management of Local Corp and post more negative about the Square Bank-robbers
For example I had found this – and therefore Local Corp could not sell this and other patents:
US Patent No: 7,062,453
Methods and systems for a dynamic networked commerce architecture
• In Force
• status
#25. Apr. 2013 AS Assignment Owner name: SQUARE 1 BANK, NORTH CAROLIN
25. Apr. 2013 AS Assignment Owner name: SQUARE 1 BANK, NORTH CAROLINA
84 Million revenue in 2015 + 1-times-revenues + 56 Million share = $1.50/share
.
We have five new owner from Wolverine-Group and every owner has convertible bonds, which can changed in 6.39 million shares = together 32 million shares and additional 0.6 million shares from the change of the convertible bonds of the management = 32.6 million new share. Together with the existing 23.4 million shares would exist now 56 Million shares, if the convertible bonds would be changed in shares.
I am not happy about this solution. but maybe there was no alternative, because the Square-
Bank pressed Local Corp and wanted to steal the high valuable patent-portfolio. But on the other side is this solutions not a reason for the idiotic low market-cap of only 9 million yesterday. And positive is, that by change of the loan for shares the debt were reduced and Local Corp get additional working-capital of 3 million.
The last annoucement about regvenues and EBITDA's was: " Financial guidance for 2015 remains consistent with that provided on Jan. 12, 2015. Revenue is expected to be in the range of $82 million to $86 million. Adjusted EBITDA is expected to be in the range of $3 million to $4 million."
The question of the future must be: What is the value of a company with revenues of 82 - 86 million and a EBITDA of 3 -4 million in 2015?
I am sure, higher the 9 million of today
Stanguru compensated a part of the dilution through strong buys in the last days and owning now 132,000 shares = 0.24% of the outstanding 56 million after a conversion of the convertible bonds.
http://finance.yahoo.com/q/is?s=locm
- Owner of large scale premium commercial intent audience
- Moving into rapidly growing programmatic market
- Building large captive mobile phone user base
LOCM Company Overview | March 2015
Gross Profit increased from Q3/14 to Q4/14 again
.
Period Ending
Dec 31, 2014
Sep 30, 2014
Jun 30, 2014
Mar 31, 2014
Total Revenue 16,285 18,141 22,514 26,180
Cost of Revenue 12,035 14,628 16,512 20,405
Gross Profit 4,250 3,513 6,002 5,775 Less
For example I had found this – and mayxbe therefore Local Corp could not sell this and other patents:
US Patent No: 7,062,453
Methods and systems for a dynamic networked commerce architecture
• In Force
• status
#25. Apr. 2013 AS Assignment Owner name: SQUARE 1 BANK, NORTH CAROLIN Less
For this assumption of pressing Square-Bank-Robbers speaks, that the credit existed long before this additional secuurity were part of the agreements. Another increase of securities was, that Local Corp must have double acounts of the amount of the credit - idiotic by about two thiirds debts of Google and Yahoo.
Leider hat meines Erachtens der langjährige CFO Cragun, der vorher auch schon stellvertretender CFO war, gepennt, und zu wenig Liquiditätsvorsorge getroffen, auch wenn man ihm zubilligen muss, dass die Local Corp beeinträchtigenden Wendungen von Google sehr extrem ausfielen - aber ein Trennen von zumindest einigen Patenten muss m.E. kurzfristig möglich sein, wenn auch nur mit Discounts. Aber das wäre immer noch besser gewesen, als die dann notwendige Lösung mit stark verwässernden Wandelschuldverschreibungen.
Aus dem vorstehenden Posting könnt Ihr ja erseehen, dass die Square-Bank die Daumenschrauben enorm angedreht hat. Man ließ sich z.B, alle Patente verpfänden, was Local Corp seltsamerweise mitmachte - übrigens zu einem Zeitpunkt, wo man mit der Ausgabe von 8 Millionen Aktien die Schulden hätte tilgen können, jetzt sind über 30 Millonen nötig, wenn man über die Wandelschuldverschreibung alle Schulden los wird. Idiotisch war auch, dass man zuletzt das Doppelte der Kreditsumme an Kundenforderungen abtreten müsste, die zu 2/3 gegenüber den bombensichern Google und Yahoo bestanden - nach deutschen Recht war eine solche Übersicherung übrigens sittenwidrig und damit ungültig. Das führte dann dazu, dass bei einem Abbau der Kundenforderungen enorme Cash in die Kreditrückführung fließen musste. Und im März glaubte man wohl bei der Square Bank an den gelungenen Abschuss, weil man gleichzeitig mit dem Fällig-Werden der Wandelschuldverschreibung über 5 Millionen den Kontokorrentkredit nicht verlängerte.
Dass jetzt ein "weißer" Ritter, der in die Bresche springt, wie das Wolverine und die Kontokorrentkreditbank taten, sich das ordentlich bezahlen lassen, ist klar - und sehe ich jetzt die Rolle von Wolverine sehr viel gediegener als in meiner ersten Empörung über die hohe Verwässerung und die hohen Kreditzinsen. Aber ich bleibe dabei, dass ohne das Pennen des CFO vieles davon überflüssig gewesen wäre.